Saranac Lake, New York---Branch Hospitality Group (BHG) is pleased to announce that they have begun acquisition of Saranac Waterfront Lodge, a top-rated destination in beautiful Saranac Lake, New York. The Saranac Waterfront Lodge was established in 2020 and is being added to the group's portfolio as an opportunity to enhance its commitment to providing exceptional experiences to guests while expanding its presence in key markets. The transaction has been finalized and the ownership transfer will be completed in the next 30 days.  

The Branch Hospitality Group consists of five members who all play an integral part in the success and growth of the company--Nathan Race, a well-respected local attorney, Chris LaBarge, a successful insurance and real estate entrepreneur; and the three Monette brothers, Bruce, Brian and Christopher, who own and operate various business interests in Northern New York.  All were born and raised in the North Country/Adirondack region and take immense pride in calling this area home.  

“Our roots run deep, and we are fully committed to helping the area grow and prosper to its utmost potential.  We are grateful to serve as the stewards of the exquisite Saranac Waterfront Lodge and we do not take this responsibility lightly,” said Brian J. Monette.  

Michael Doran, President of Branch Hospitality Group, acknowledged the quality of the property’s staff:

“Part of the appeal of bringing the Saranac Waterfront Lodge into our group was the superb team of professionals working at the facility under the leadership of General Manager Matthew Taormino. We appreciate their engagement and attentiveness to their guests as well as the way they have dealt with the uncertainty of the last few weeks.  We look forward to formally welcoming them to the BHG family.”

Steven Cacchio, President & CEO of Champlain National Bank, which served as the lead bank on the transaction, spoke on behalf of the three financial institutions that have been involved in the property since its design phase-- Champlain National Bank, Cattaraugus County Bank and Evans Bank.  

“We could not have imagined a better outcome than we have here,” he explained.  “BHG is an experienced ownership group whose principals are committed to the community and who value Saranac Waterfront Lodge as the jewel of a destination that it is.  All the financial institutions involved believe this is the optimal resolution for the buyer, employees, guests and community-at-large.”  

About Saranac Waterfront Lodge

Saranac Waterfront Lodge offers a range of versatile event spaces perfect for weddings and meetings. Guests and local travelers are immersed in the splendor of the Adirondacks while enjoying a seamless experience that includes waterfront dining complemented by boat parking at the on-premise docks. Centrally located in the Adirondack Lakes region and just a 10-minute drive from Lake Placid, Saranac Waterfront Lodge is a world-class destination that combines luxury, sustainability, and Adirondack charm.  A LEED-certified establishment nestled on the serene shores of Lake Flower, it stands as a beacon of environmental stewardship, offering guests a retreat and a promise of responsible tourism and sustainable hospitality. There are plenty of activities for guests, such as pontoon boating, kayaking, and paddleboarding on the lake, walking and biking on the rail trail, ski packages with Titus Mountain, and golf packages with the Malone Golf Club. For more information about Saranac Waterfront Lodge and to make reservations, please visit www.saranacwaterfrontlodge.com

For more information about Branch Hospitality Group: https://branchcompanies.com.

For press inquiries:
Michael Doran    

(518) 423-4556
Michael@BranchCompanies.com
 

We are thrilled to announce our Holiday Inn Express & Suites of Oswego's return as a proud shuttle sponsor of Harborfest! This event is widely recognized in our region as a premier summer festival that attracts numerous people to Oswego annually. The 3-day event features music, entertainment, delicious food, and a breathtaking waterfront fireworks display. Even more remarkable is that there is no admission fee, thanks to the generous contributions of many individuals, memberships, and sponsorships. Oswego Harborfest, we are genuinely appreciative of our ongoing partnership with you.

Pictured from left to right .. Jim Schefcik (PR / Pit Crew), Ed Cloce (Owner TJToyota / Sponsor), Dave Shullick Jr. (2023 Oswego Speedway Track Champion / Driver), myself(Holiday Inn Express & Suites Oswego / MGMT Company), Chris Osetek (Car Owner / Osetek Racing Technologies), Chris A LaBarge (Owner Holiday Inn Express & Suites Oswego / Sponsor). (not pictured - Ed Helms Owner Riverwalk Oswego / Sponsor)

Congrats #95 team on another successful season - cheers to our continued partnership.

We are delighted to announce that Michael Doran, President of Branch Hospitality Group, has been selected for a prestigious seat on the Board of Directors of the New York State Hospitality & Tourism Association (NYSH&TA).

Reflecting on this honor, Michael Doran stated, "It’s been great to work closely with top-notch organizations such as NYSH&TA and AHLA, who have blazed a path through these challenging times. I am beyond honored to have been selected for a board of directors role with NYSH&TA!"

As the oldest lodging association in the nation, established in 1887, NYSH&TA’s leadership continues to stay in tune and provide proactive influence on matters most crucial to New York's hospitality and tourism economy. Michael Doran’s extensive experience and passion for the industry will undoubtedly contribute to the association’s ongoing success.

"With great anticipation, I look forward to the work ahead," added Doran, expressing his eagerness to contribute to the organization’s mission and initiatives.